Nitto Denko (OTCMKTS:NDEKY) Posts Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Key Points

• Nitto Denko reported an earnings per share (EPS) of $0.32 for the recent quarter.
• The company has a market capitalization of $14.82 billion and its stock opened at $20.97 on the day of the earnings release.
• Nitto Denko primarily focuses on the adhesive tapes business across multiple regions including Japan, the Americas, and Europe.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) announced its quarterly earnings data on Monday. The technology company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.54), Zacks reports. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion.

Nitto Denko Stock Down 1.0%

OTCMKTS NDEKY traded down $0.21 on Thursday, hitting $20.61. The stock had a trading volume of 21,693 shares, compared to its average volume of 40,359. Nitto Denko has a one year low of $12.80 and a one year high of $23.73. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 17.71 and a beta of 0.84. The company's 50-day moving average is $18.74 and its two-hundred day moving average is $18.48.

About Nitto Denko

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.